Veterinary Equipment and Disposables Market Size and Growth Insights, Leading Players Updates by 2032

Veterinary Equipment and Disposables Industry Outlook 2024-2032

Summary:

• The global veterinary equipment and disposables market size reached USD 2.9 Billion in 2023.
• The market is expected to reach USD 7.8 Billion by 2032, exhibiting a growth rate (CAGR) of 11.5% during 2024-2032.
• Region-wise, the market has been classified into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and other), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
• Based on the product, the market has been divided into critical care consumables, anesthesia equipment, fluid management equipment, temperature management equipment, rescue and resuscitation equipment, research equipment, patient monitoring equipment, and others.
• On the basis of the animal type, the market has been segregated into companion animal (dogs, cats, horses, and others), and livestock animal.
• Based on the end use, the market has been categorized into veterinary hospitals/clinics and research institutes.
• The government initiatives and funding is a primary driver of the veterinary equipment and disposables market.
• The veterinary equipment and disposables market growth and forecast highlight a significant rise due to the growth of veterinary practices, along with the rising awareness about animal welfare.

Veterinary Equipment and Disposables Market Graph

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Industry Trends and Drivers:

• Increasing pet ownership and humanization of pets:

The rising trend of pet ownership is one of the major factors boosting the veterinary equipment and disposables market share. According to various studies, more households are adopting pets as companions, resulting in an increased demand for veterinary services. This trend is particularly pronounced in regions such as North America and Europe, where pets are increasingly viewed as family members rather than mere animals. The humanization of pets has led to pet owners willing to invest significantly in their pets’ health and well-being. This shift in perception has encouraged pet owners to seek regular veterinary check-ups, preventive care, and advanced medical treatments, contributing to the demand for advanced veterinary equipment and disposables. Furthermore, with a growing awareness about pet health issues, including obesity and chronic diseases, there is a rise in demand for diagnostic and therapeutic equipment.

• Advanced in veterinary technology:

The veterinary equipment and disposables market trends indicate that technological advancements in veterinary medicine are revolutionizing the way veterinarians diagnose and treat animals. Innovations in imaging techniques, surgical instruments, anesthesia equipment, and monitoring devices have enhanced the accuracy and efficiency of veterinary care. For instance, the introduction of advanced imaging technologies such as MRI and CT scans allows for non-invasive diagnostics, leading to better treatment outcomes. Moreover, the integration of telemedicine in veterinary practice has become increasingly popular, enabling veterinarians to consult with pet owners remotely. This is particularly beneficial in rural or underserved areas where access to veterinary care may be limited. Telemedicine facilitates timely diagnosis and treatment recommendations, improving overall pet health outcomes and fostering a closer relationship between pet owners and veterinarians. Furthermore, the development of wearable health monitoring devices for pets, is boosting the veterinary equipment and disposable demand.

• Rise in animal diseases and the need for veterinary care:

The increasing prevalence of zoonotic diseases, as well as infectious diseases affecting domestic animals, is a critical factor driving the veterinary equipment and disposables market. The rise in cases of diseases such as rabies, avian influenza, and canine parvovirus has heightened awareness regarding animal health and the need for regular veterinary care. This awareness has prompted pet owners to prioritize their animals' health, leading to increased visits to veterinary clinics. Moreover, the global outbreak of diseases such as COVID-19 has underscored the importance of animal health and biosecurity measures. Veterinary clinics are now more equipped to handle infectious disease outbreaks, requiring advanced diagnostic tools and disposables to manage such cases effectively. This has resulted in increased demand for laboratory equipment, sterilization supplies, and personal protective equipment for veterinary professionals, further driving the veterinary equipment and disposables market size.

Veterinary Equipment and Disposables Market Report Segmentation:

Breakup By Product:

• Critical Care Consumables
• Anesthesia Equipment
• Fluid Management Equipment
• Temperature Management Equipment
• Rescue and Resuscitation Equipment
• Research Equipment
• Patient Monitoring Equipment
• Others

Based on the product, the market has been divided into critical care consumables, anesthesia equipment, fluid management equipment, temperature management equipment, rescue and resuscitation equipment, research equipment, patient monitoring equipment, and others.

Breakup By Animal Type:

• Companion Animal
• Dogs
• Cats
• Horses
• Others
• Livestock Animal

On the basis of the animal type, the market has been segregated into companion animal (dogs, cats, horses, and others), and livestock animal.

Breakup By End Use:

• Veterinary Hospitals/Clinics
• Research Institutes

Based on the end use, the market has been categorized into veterinary hospitals/clinics and research institutes.

Breakup By Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Region-wise, the market has been classified into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and other), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.

Top Veterinary Equipment and Disposables Market Leaders:

The veterinary equipment and disposables market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

Braun Melsungen AG, Digicare Biomedical Technology Inc., Henry Schein Inc., Medtronic Plc, Midmark Corporation, Nonin Medical Inc., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Smiths Group plc, Vetland Medical Sales and Services and Vetronic Services Ltd.

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